AgDay Daily Recap -July 23, 2014

COMING UP TODAY ON AGDAY PREPARING FOR LEANER TIMES…ONE AG COMPANY'S EARNINGS REVEALS A MUCH BIGGER STORY. IN AGRIBUSINESS, ONE ANALYST THINKS THE ETHANOL INDUSTRY HAS IT ALL WRONG... WE'LL SEE WHY SIGHTS SHOULD BE SET ON BIGGER THINGS THAN JUST DEMAND IN THE U-S. GLEANING FRESH PRODUCE FOR THOSE WHO NEED IT MOST... AND WE'LL HEAD IN THE COUNTRY TO SEE WHY THIS LATE BLOOMER HAS TURNED INTO A SHOW STOPPER AS IT NEARS ITS LAST BREATH.

DUPOINT EARNINGS:

GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT. THE SHARP DIP IN COMMODITY PRICES IS BLEEDING OVER INTO MAJOR AG COMPANIES' POCKETS. ...AND THAT'S OUR TOP STORY ON AGDAY.

FARM HEALTH:

WHILE SOME COMPANIES ARE COMING TO TERMS WITH THE SHIFT TO LEANER TIMES IN AGRICULTURE, ONE VETERAN MARKET ANALYST FEARS SOME FARMERS AREN'T READY TO FACE REALITY.

CROP WATCH:

CLINTON…CROPWATCH TAKES US TO SOME NORTHERN TIER STATES. MIKE HOFFMAN HAS DETAILS FROM THE AGDAY WEATHER-CENTER. MIKE.

FRUIT DISASTER RELIEF:

FRUIT GROWERS WHO LOST CROPS DUE TO AN "EARLY SPRING" IN 2012 MAY BE ELIGIBLE FOR ASSISTANCE AS PART OF THE 2014 FARM BILL. SENATOR DEBBIE STABENOW - WHO REPRESENTS A LARGE NUMBER OF FRUIT GROWERS IN MICHIGAN - SAYS SIGN-UP IS NOW OPEN FOR THE "NON-INSURED CROP DISASTER ASSISTANCE PROGRAM" OR NAP.GLEAN TEAM:

FOR OUR VIEWERS, THE WORD 'GLEANER' PROBABLY CONJURES-UP AN IMAGE OF A SILVER-COLORED COMBINE NOW OWNED BY AGCO. BUT THE WORD ITSELF HAS A DEEPER MEANING. IT REFERS TO THE COLLECTION OF CROPS AFTER THE HARVEST. IN SOUTHWEST MISSOURI, A FARMER HAD AVAILABLE CROPS FOR PICKING, BUT NO BODY TO DO THE WORK.
THAT'S WHEN AN FOOD BANK IN THE OZARKS STEPPED-IN. LINDA RUSSELL FROM AGDAY AFFILIATE KY-THREE TV SHOWS US HOW THE "GLEAN TEAM" GETS THINGS DONE.

TEASE:

CLINTON... STILL TO COME, ONE ANALYST THINKS LOBBYING EPA TO CHANGE ITS RENEWABLE FUELS STANDARD PROPOSAL IS A WASTE. WE'LL TELL YOU WHY.

INDIA MONSOON:

CLINTON…IN AGRIBUSINESS, THE LATE MONSOON RAINS IN INDIA IS SPARKING WHAT COULD BE A SEVERE DROUGHT. ACCORDING TO THE INDIA TIMES, FARMERS ARE BRACING FOR THE WORST. IN GOOD YEARS, LOCAL FARMERS WHO HAVE LESS THAN A HECTARE OF LAND CAN GET BY. BUT IT'S THE BAD YEARS THAT THOSE FARMERS SLIDE INTO DEBT AND LOSE THEIR LAND. THE SITUATION IS SOMETHING ANALYST JIM BOWER SAYS HE'S WATCHING CLOSELY AS IT WON'T JUST BE A DIRECT BLOW TO INDIAN FARMERS. THE LATE RAINS COULD ALSO TRIGGER HIGHER RICE AND COTTON PRICES.

GRASSLEY BIG OIL:

PRO-ETHANOL SENATORS THINK THE JUSTICE DEPARTMENT AND FEDERAL TRADE COMMISSION ARE NOT DOING ENOUGH TO PROTECT THE ETHANOL INDUSTRY AGAINST THE OIL INDUSTRY. SENATORS CHUCK GRASSLEY OF IOWA AND AMY KLOBUCHAR OF MINNESOTA ARE PRESSING THE AGENCIES TO STUDY POSSIBLE ANTI-COMPETITIVE PRACTICES BY CERTAIN PETROLEUM COMPANIES. THE SENATORS SAY THE BIGGEST OIL COMPANIES ARE NOT INSTALLING E-15 OR E-85 FUEL PUMPS AT THEIR STATIONS, WHICH IMPACTS DEMAND FOR THE CORN-BASED FUEL. THE LAWMAKERS SAY THEY FIRST ASKED "JUSTICE" AND F-T-C A YEAR AGO TO INVESTIGATE BUT NOTHING HAS HAPPENED, ACCORDING TO GRASSLEY'S OFFICE.PETER MEYER ETHANOL:

CLINTON…ONE ANALYST THINKS SPENDING SO MUCH TIME AND ENERGY FIGHTING THE E-P-A ABOUT THE RENEWABLE FUELS STANDARD IS A WASTE. INSTEAD, HE THINKS IT'S FOREIGN DEMAND FOR ETHANOL THAT COULD HELP INCREASE CORN PRICES.AL PELL HAS DETAILS FROM THE AGRIBUSINESS DESK. AL.

WX:

WE'RE NOW WITH MIKE HOFFMAN. MIKE WE REALLY DO HAVE SOME OF THE BEST VIEWERS. SO, THIS MORNING I WAS SITTING AT MY DESK PREPARING FOR THE DAY, AND I GOT A CARD FROM A VIEWER WITH A COUPLE GIFT CARDS FOR THE BABY. NO NAME. THEIR FROM MISSOURI, I BELIEVE. BUT NO NAME, SO, WHOEVER IT WAS, THANK YOU SO MUCH. IT MEANS A LOT I MEAN THEY REALLY ARE FAMILY. THAT'S RIGHT. THE SHOW ME STATE. THEY ARE SHOWING YOU SOME LOVE THERE. I APPRECIATE THE LOVE. NO QUESTION ABOUT IT. THE WEATHER MAP IS SHOWING A COLD FRONT MOVING THROUGH MISSOURI THIS MORNING. NOT A LOT IN THE WAY OF SHOWERS AND STORMS ALONG IT BUT THERE ARE A FEW SPOTS FROM THE GREAT LAKES INTO PARTS OF MISSOURI AND KANSAS. STATIONARY FRONT IN SOUTHEAST WILL ALSO BE A FOCUS FOR SOME AFTERNOON SHOWERS AND STORMS AND FINALLY WE ARE GETTING SOME MOISTURE INTO WESTERN OREGON WESTERN WASHINGTON AS ANOTHER FRONTAL SYSTEM MOVES IN OUT THAT WAY AND THAT MAY EVEN SPREAD A FEW SHOWERS IN THE FAR NORTHER CALIFORNIA. UNFORTUNATLEY IT WON'T BE A BIG RAIN MAKER OUT THERE AT ALL. THIS FRONT WILL BET HE FOCUS FROM THE APPALACHIANS DOWN INTO THE NORTERN POSITRONS OF ARKANSAS AND OKLAHOMA WITH SCATTERED SHOWERS AND STORMS. THIS DOESN'T LOOK LIKE A WIDESPREAD EVENT IN ANY WAY SHAPE OR FORM AND NOT A LOT ALONG STATIONARY FRONT THAT'S DYING GOFF. NEXT STORM SYSTEM AS YOU CAN SEE COMING INTO THE EASTERN ROCKIES BY TOMORROW MORNING AS WE HEAD THROUGH REST OF THE DAY TOMORROW. COLD FRONT INTO THE SOUTHEAST WILL BE THE FOCUS FOR SHOWERS AND STORMS AND IT'S KIND OF DOUBLE BARREL COLD FRONT. FIRST ONE IS REALLY JUST A DRY LINE. SECOND ONE S COOLER AIR FOR A SHORT PERIOD OF TIME ANYWAY FOR PARTS OF THE NORTHWEST. DON'T EXPECT A BIG COOLDOWN 5THOUGH. YOU'RE STILL UNDER THE RIDGE AS YOU'LL SEE COMING UP. AND TAKING A LOOK AT PRECIP ESTIMATES OVER THE AST 24 HOURS. WE'VE SEEN SOME HIT AND MISS THROUGHOUT SOUTHEAST, GREAT LAKES INTO MIDDLE MISSISSIPPI VALLEY. YOU CAN SEE THOUGH NOT A LOT OUT OF FRONTAL SYSTEM YESTERDAY. AS WE MOVE THROUGH THE NEXT 36 HOURS WE'LL SEE A LITTLE MORE ALONG THAT FRONT AS IT MOVES SOUTHEAST. AND ALSO A LITTLE BIT WITH THAT SYSTEM COMING INTO THE NORTHWEST THAT WILL BE SPREADING ACROSS PARTS OF MONTANA. ALTHOUGH AGAIN, THAT DOESN'T LOOK WIDESPREAD EITHER…THAT’S JUST HIT OR MISSES IN FOUR CORNER REGION. AS FAR AS TEMPS THE HEAT CONTINUES FROM SOUTHERN KANSAS, OKLAHOMA SOUTHWARD. COOLER AIR OVER MOST OF NORTHERN PLAINS INTO OHIO VALLEY AND INTO NORTHEAST THIS MORNING BEHIND COLD FRONT. THAT WILL CONTINUE TO PUSH SOUTHWARD TONIGHT AND AS YOU CAN SEE LOWS DOWN INTO THE 60S AGAIN FOR MOST OF OHIO VALLEY EVEN SOME 50-S SHOWING UP IN NORTHERN GREAT LAKES. NOT AS COOL AS LAST WEEK BUT NONEHTNESS, MORE PLEASANT TEMPS AND ALSO PRETTY COOL IN THE NORTHWEST… AGAIN THAT'S KIND OF TEMPORARY. THE HEAT CONTINUES IN THE FAR WESTERN PLAINS AS IT BUILDS RIGHT BACK UP ON THE BACKSIDE OF THAT HIGH AND CONTINUES IN SOUTHWEST. RIDGE INTO EH WEST THE TROPH DIGS INTO THE EAST AND KIND OF LETS UP SLIGHTLY AS WE HEAD INTO THE WEEKEND. ANOTHER TROPH LOOKS EVEN STRONGER INTO NEXT WEEK. THAT COULD BE A PRETTY COOL AIR MASS INTO MUCH OF CORNBELT AS WE HEAD INTO THE EARLY PARTS OF NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW SOME LOCAL FORECASTS…. FIRST OF ALL FOR LAMAR COLORADO TODAY GOOD DEAL OF SUNSHINE AND HOT, HIGH NEAR 100. MIDGY MINNESOTA…MOSTLY SUNNY VERY NICE HIGH OF 75 AND RALEIGH NOR NORTH VARIABLY CLOUDY, POSSIBLE STORM. HIGH OF 90…

TEASE:

CLINTON…STILL TO COME, A FOOD CHAIN THAT SOME FARMERS ARE BOYCOTTING IS LOOKING AT IMPRESSIVE PROFITS. WE'LL TELL YOU WHICH ONE.

80 YEAR OLD AGAVE:

CLINTON…IT'S AN AGAVE PLANT THAT YOU COULD CONSIDER A LATE BLOOMER. AT 80 YEARS OLD, IT'S FINALLY BLOSSOMING FOR THE FIRST TIME EVER. BUT NOT ONLY IS IT THE FIRST, IT'S THE ONLY. AS MIKE HOUSEHOLDER FROM THE ASSOCIATED PRESS SHOWS US, THE PLANT HAS BECOME A SHOW-STOPPER AT ONE CONSERVATORY, BECAUSE ONCE IT BLOOMS, IT'S LONG LIFE IS OVER.

CHIPOTLE PROFITS:

CLINTON…IN FOOD AND YOUR FAMILY, DESPITE ONE FAST CASUAL DINING CHAIN RAISING PRICES, IT SEEMS AMERICANS JUST CAN'T GET ENOUGH OF THEIR BURRITOS.

STATION PROMO:

COMING UP THURSDAY ON AGDAY - WHEN WILL SHOPPERS GET A PRICE BREAK AT THE BEEF COUNTER? IT'S GOING TO BE SEVERAL MORE MONTHS FOR THE RECENT INCREASES IN WHOLESALE PRICES TO BE FULLY REFLECTED IN RETAIL PRICES. WHAT DOES THAT MEAN TO RANCHERS AND CONSUMERS? ANSWERS THURSDAY ONLY ON AGDAY…

RFD PROMO:

WEDNESDAY ON AGDAY, THE HEALTH OF ONE AG COMPANY GIVES US A GLIMPSE INTO THE OVERALL FARM ECONOMY. AND WE HAVE ADVICE TO SURVIVE LEANER TIMES. PLUS,ONE ANALYST THINKS SPENDING SO MUCH TIME ON LOOKING FOR DOMESTIC ETHANOL DEMAND IS A WASTE. WE'LL HAVE THE STORY WEDNESDAY ON R-F-D.